Massachusetts will face escalating multi-billion dollar state budget deficits over the next several years unless state leaders make major spending reductions in the fiscal 2002 budget, according to a new analysis by the Massachusetts Taxpayers Foundation. While large spending reductions are the critical first step, the analysis suggests that the state may need to take other measures to address the long-term problem.
November 01, 2001
FY Pre-2008
MTF Analysis: State Faces Escalating Multi-Billion Dollar Budget Deficits; Major Spending Reductions Required
Massachusetts will face escalating multi-billion dollar state budget deficits over the next several years unless state leaders make major spending reductions in the fiscal 2002 budget, according to a new analysis by the Massachusetts Taxpayers Foundation. While large spending reductions are the critical first step, the analysis suggests that the state may need to take other measures to address the long-term problem.
